Consultancy

We have Foreign Exchange Policy checklists which we use with our clients to ensure their policies support their business and meet the required standard. We can work with you in a purely advisory capacity as and when required.

Tuatara Treasury Consultancy Service brings our treasury expertise to help clients in the following areas.

NZ IAS 39 compliance

• Training Knowledge is power – particularly at decision time around NZ IAS 39, NZ IAS 39 is complex, its interpretation and application is dependent on each business’s risk profile and hedging strategy. Tuatara helps companies understand how the standard impacts on their business. Once educated you are then able to address the issues of hedge accounting, policy creation, and audit negotiation, fully informed of all implications. Refer to the workshops section of this website for further details.Tuatara feels that for most clients, the workshop is an essential pre-cursor to any additional work on IAS 39 policy and discussions with auditors. Below is a comment regarding an IAS 39 workshop presented by Tuatara.

“Tuatara impressed us with their scope and depth of knowledge of IAS 39. Their ability to deliver complex information in a way which could be easily understood was appreciated. They understood the topic inside out, and had a clear vision of the potential impact on NZ organisations and the path forward.” Barry Moors, Group Accountant, The Warehouse.

• Policy creation An effective IAS 39 policy should:

a. Ensure more effective hedges
b. Reduce audit fees
c. Save documentation time
d. Reduce scope for error

Tuatara works with clients to document an effective, robust IAS 39 policy for all core and potential hedge scenarios envisaged by the company. Tuatara recommends that client’s auditors review and approve the IAS 39 policy. As well as assisting in development of an initial draft policy, Tuatara will provide policy advice throughout the audit approval process.

• Advisory Tuatara can work with clients as a purely advisory capacity as and when required. Our advisory work is popular with companies that have gained a strong background in the core aspects of the standard but utilise our expertise to negotiate the more complex or challenging requirements.

Treasury policies and reviews

• Policy creation and review Why have a treasury policy? A tailored policy that reflects your underlying business process is a powerful tool for businesses looking to protect their margins from adverse foreign exchange and interest rate movements. At Tuatara, we focus on analysing the true risk that each corporate faces and then build a hedging strategy based on those risks. We identify the benchmark level a client must achieve to protect their margins. Our strategies are intended to meet each client’s objectives irrespective of the level of the market. We feel this represents the true test of a robust treasury policy. Policy work also includes the internal controls and reporting requirements surrounding the treasury function.

“Changing business dynamics required our company to re-evaluate our existing FX policy. We’d known Tuatara for about a year and had been impressed with their level of expertise and especially with how well they understood the impact of foreign exchange on our business – so they were a natural choice for us. The FX policy delivered by Tuatara certainly lived up to our expectations and provided a framework for us to manage our foreign exchange risk. We’d happily recommend Tuatara policy expertise to other companies.” Marshall Maine, Financial Controller, Icebreaker Limited.

• Process Documentation Organising information is one of the biggest challenges facing management today. Tuatara can document your existing treasury process in a simple, informative manner for management review. We start with how exposures are identified, the process for managing risk and the internal controls that surround the treasury function.
• Process review Tuatara will review your existing treasury process and make recommendations based on industry benchmarks, our 20 years of experience in this market, and what best suits your individual risk profile. We listen to our clients, find out what works and what doesn’t work, and bring creative and robust solutions for all aspects within the treasury function.

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